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IMF boss to meet Akufo-Addo, Finance Minister, BoG Governor, others in Accra

Kristalina Georgieva, the International Monetary Fund's managing director, has warned of tough conditions for the global economy in 2023 [File: Jonathan Ernst/Reuters]

Kristalina Georgieva, managing director of the International Monetary Fund Photo: Jonathan Ernst/Reuters

The Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva, will this weekend, hold talks with President Nana Addo Dankwa Akufo-Addo and Vice President Mahamudu Bawumia at the Jubilee House, the seat of Ghana’s presidency.

Madam Kristalina Georgieva will also meet with the Minister for Finance, Dr. Mohammed Amin Adam, and the Governor of the Bank of Ghana, Dr Ernest Addison.

Other engagements

She will on Monday, 18 March 2024, attend an Artificial Intelligence (AI) conference jointly organised by the Ministry of Finance and her organisation, the International Monetary Fund under the theme, “AI as a Catalyst to Transform Economies in Sub-Saharan Africa”. As part of her visit, Madam Georgieva will also be meeting with selected Civil Society Organisations (CSOs) and women groups.

Ghana’s IMF facility

Ghana secured a 3 billion United States dollars IMF extended credit facility (ECF) in 2023 after President Akufo-Addo on 1 July 2022, authorized the Minister of Finance then, Ken Ofori-Atta, to commence formal negotiations with the IMF to secure a balance of payment support as part of broader efforts to quicken Ghana’s build back in the face of challenges induced by the COVID-19 pandemic and the geopolitical armed conflict between Russia and Ukraine.

Ghana’s three-year-IMF programme is in its first year of implementation, with the nation so far, receiving a total of 1.2 billion United States dollars from the IMF in two payment tranches of 600 million dollars each.

During Madam Georgieva’s engagements with President Akufo-Addo, Vice President Mahamudu Bawumia, and other high-ranking government officials, the two sides will be seeking ways through which they can consolidate collaboration to see Ghana through her current programme with the IMF.

Reporting by Wilberforce Asare in Accra

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